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New Product Varieties and the Measurement of International Prices
The high income elasticity of demand often estimated for U.S. imports may be a spurious result of omitting new product varieties from the import price indexes. The purpose of this paper is toExpand
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Globalization, Outsourcing, and Wage Inequality
There is considerable debate over whether international trade has contributed to the declining economic fortunes of less skilled workers. One issue that has become lost in the current discussion isExpand
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Foreign Investment, Outsourcing and Relative Wages
In this paper we examine the reduction in the relative employment and wages of unskilled workers in the U.S. during the 1980's. We argue that a contributing factor to this decline was rising importsExpand
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Advanced international trade : theory and evidence
Trade is a cornerstone concept in economics worldwide. This updated second edition of the essential graduate textbook in international trade brings readers to the forefront of knowledge in the fieldExpand
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World Trade Flows: 1962-2000
We document a set of bilateral trade data by commodity for 1962-2000, which is available from www.nber.org/data (International Trade Data, NBER-UN world trade data). Users must agree not to resell orExpand
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Integration of Trade and Disintegration of Production in the Global Economy
The last few decades have seen a spectacular integration of the global economy through trade. The rising integration of world markets has brought with it a disintegration of the production process,Expand
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The Impact of Outsourcing and High-Technology Capital on Wages: Estimates For the United States, 1979–1990
We estimate the relative influence of trade versus technology on wages in a "large-country" setting, where technological change affects product prices. Trade is measured by the foreign outsourcing ofExpand
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Border Effects and the Gravity Equation: Consistent Methods for Estimation
The CES monopolistic competition model is an especially convenient way to derive the gravity equation, especially when we allow for transport costs and other trade barriers. In that case, we need toExpand
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Global Production Sharing and Rising Inequality: A Survey of Trade and Wages
We argue that trade in intermediate inputs, or 'global production sharing,' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S.Expand
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Functional equivalence between liquidity costs and the utility of money
We demonstrate a functional equivalence between using real balances as an argument of the utility function and entering money into liquidity costs which appear in the budget constraint. The liquidityExpand
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